South Korean online PC game studio picked up by major Asian publisher
South Korean free-to-play publisher Nexon has entered an agreement to acquire all outstanding shares of online PC game studio Thingsoft.
Best known for the FIFA Online games, Thingsoft is based in Seoul, South Korea, and is currently working on a few new titles including Sangokushi Sousouden Online and Project NT.
The terms of the deal were not disclosed.
"THINGSOFT has a wealth of experience in the F2P business, and a successful track record of developing AAA content," said Nexon president and CEO Seungwoo Choi.
"Building on our history of successful collaboration together, this transaction leverages the strengths of both companies by providing access to THINGSOFT's developmental capabilities and an exciting pipeline of new titles, and Nexon's scale and global distribution platform. We look forward to working with the talented THINGSOFT team to deliver a robust portfolio of titles to even more players around the world and across platforms."
Sangwon Chung, Thingsoft's CEO and executive producer, brings over fifteen years of game development experience and previously served as Neowiz Games's senior vice president of games.
"We are thrilled to join the Nexon family," said Chung.
"This transaction is the natural next step for THINGSOFT as we seek to bring our games to more players and different platforms. As the free-to-play pioneer with global reach and scale, Nexon is the perfect partner to help us do that and we look forward to the benefits of being a part of an even larger organization."